BidaskClub downgraded shares of Luxoft Holding, Inc. (NYSE:LXFT) from a hold rating to a sell rating in a research report released on Saturday, August 5th.
A number of other analysts have also recently commented on LXFT. UBS AG reiterated a neutral rating and issued a $66.00 target price (up from $63.00) on shares of Luxoft Holding in a research note on Thursday, May 25th. Cantor Fitzgerald restated a hold rating and set a $55.00 price objective on shares of Luxoft Holding in a research note on Tuesday, May 23rd. Cowen and Company lifted their price objective on shares of Luxoft Holding from $65.00 to $68.00 and gave the company an outperform rating in a research note on Wednesday, May 24th. Finally, Zacks Investment Research cut shares of Luxoft Holding from a hold rating to a sell rating in a research note on Friday, May 26th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $64.38.
Shares of Luxoft Holding (NYSE:LXFT) traded up 0.10% on Friday, hitting $48.05. 248,974 shares of the stock traded hands. Luxoft Holding has a 52-week low of $40.15 and a 52-week high of $67.85. The stock has a market cap of $1.61 billion, a P/E ratio of 30.07 and a beta of 1.46. The stock’s 50 day moving average price is $59.50 and its 200 day moving average price is $60.71.
Luxoft Holding (NYSE:LXFT) last released its earnings results on Monday, May 22nd. The software maker reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by $0.05. The company had revenue of $204.10 million during the quarter, compared to analyst estimates of $202.30 million. Luxoft Holding had a return on equity of 18.90% and a net margin of 6.72%. The firm’s revenue for the quarter was up 20.6% on a year-over-year basis. During the same quarter last year, the business earned $0.56 earnings per share. On average, equities analysts expect that Luxoft Holding will post $2.88 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the stock. Clinton Group Inc. raised its stake in shares of Luxoft Holding by 20.2% in the first quarter. Clinton Group Inc. now owns 9,045 shares of the software maker’s stock worth $566,000 after buying an additional 1,522 shares in the last quarter. Comgest Global Investors S.A.S. raised its stake in shares of Luxoft Holding by 43.1% in the first quarter. Comgest Global Investors S.A.S. now owns 238,500 shares of the software maker’s stock worth $14,918,000 after buying an additional 71,800 shares in the last quarter. Oxford Asset Management purchased a new stake in shares of Luxoft Holding during the first quarter worth about $1,654,000. Parametric Portfolio Associates LLC raised its stake in shares of Luxoft Holding by 53.0% in the first quarter. Parametric Portfolio Associates LLC now owns 58,910 shares of the software maker’s stock worth $3,685,000 after buying an additional 20,396 shares in the last quarter. Finally, Goelzer Investment Management Inc. purchased a new stake in shares of Luxoft Holding during the first quarter worth about $1,355,000. 94.78% of the stock is owned by hedge funds and other institutional investors.
Luxoft Holding Company Profile
Luxoft Holding, Inc, is a provider of software development services and information technology (IT) solutions to a global client base consisting primarily of large multinational corporations. The Company’s software development services consist of custom software development and support, product engineering and testing, and technology consulting.
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